Syndicate Bank can test Rs 127-128: Amit Gupta

Syndicate Bank can test Rs 127-128, says Amit Gupta, Head- Derivatives, ICICI Direct.

Gupta told CNBC-TV18, "If you look at last two-three days the midcap PSUs that were laggard even when the market was moving up, have seen some signs of covering in those segments, which is very positive. They are near good support levels."
He further added, "You can pick Dena Bank, UCO Bank or Syndicate Bank. In the last session after this covering, we have seen around 4% to 5% of build up, especially in Syndicate Bank, which didn